Page 67 - Latest Updates on Inflation
Crypto wrap: 'Merge' in focus, inflation figures still key, say experts
Bitcoin, the largest crypto token by market capitalisation, was trading at $21,750 on Friday. On Monday, it had briefly hit the $25,000 mark
 "Crypto wrap: 'Merge' in focus, inflation figures still key, say experts")
Biden talks about inflation, Russia-Ukraine war in '60 Minutes' interview
President Joe Biden sat down this week for his first interview of his presidency with the news magazine show 60 Minutes
 "Biden talks about inflation, Russia-Ukraine war in '60 Minutes' interview")
World Bank sees rising risk of global recession in 2023 amid rate hikes
Synchronised interest rate hikes under way globally are likely to continue well into 2023, but might not be sufficient to bring inflation back down to levels seen before the pandemic, the bank said
 "World Bank sees rising risk of global recession in 2023 amid rate hikes")
Bharat Jodo Yatra started to break govt's silence on inflation: Congress
The wholesale price-based inflation eased to a 11-month low of 12.41 per cent in August, on softening in prices of manufactured and fuel products, even as food items remained expensive
 "Bharat Jodo Yatra started to break govt's silence on inflation: Congress")
Rupee slides as US CPI data stokes speculation of 100 bps Fed hike
Higher US interest rates typically leads to a stronger dollar and reduces the appeal of emerging market assets for global investors
 "Rupee slides as US CPI data stokes speculation of 100 bps Fed hike")
WPI-based inflation softens to 11-month low at 12.41% in August
However, this is the 17th consecutive month since April 2021 that the factory-gate inflation has remained in the double digit, primarily driven by rising energy and food prices
 "WPI-based inflation softens to 11-month low at 12.41% in August")
TCS becomes India's most valuable brand in 2022, says Kantar BrandZ report
TCS replaces HDFC Bank, which held the number one spot since 2014
 "TCS becomes India's most valuable brand in 2022, says Kantar BrandZ report")
Further correction in IT stocks not ruled out amid multiple headwinds
The IT industry is seen as a hedge against rupee depreciation
 "Further correction in IT stocks not ruled out amid multiple headwinds")
'Inflation has peaked' narrative premature, impact to stay: Crypto experts
Bitcoin, the largest cryptocurrency by market cap, has fallen nearly 10 per cent since the Fed announcement of the inflation figures and was trading at $20,367.16 on Wednesday
 "'Inflation has peaked' narrative premature, impact to stay: Crypto experts")
Inflation in Germany soars to record level of 7.9% in August: Authorities
Government measures such as a cheap 9-euro ticket for public transport and a fuel discount had a "slight downward effect on overall inflation"
 "Inflation in Germany soars to record level of 7.9% in August: Authorities")
IMF looks at ways to help countries affected by global food shock
About 50 nations meet the criteria, with 20 to 30 being in need "immediately," Georgieva said
 "IMF looks at ways to help countries affected by global food shock")
Amid high inflation, surge in services demand helps steady India's economy
The indicators showed sentiment in the services sector -- which accounts for over 50% of the $3.2 trillion economy -- was upbeat, tax revenue were robust and demand for loans high.
 "Amid high inflation, surge in services demand helps steady India's economy")
State govts step up relief measures for households battling inflation
Kerala distributed a package of free food items costing about 450 rupees ($5.70) each to over 8 million families during the Onam festival earlier this month.
 "State govts step up relief measures for households battling inflation")
JPMorgan and BofA cautious on job cuts as Goldman Sachs' layoffs loom
As the risk of recession looms and the Federal Reserve raises interest rates to curb inflation, deal markets have dried up
 "JPMorgan and BofA cautious on job cuts as Goldman Sachs' layoffs loom")
RBI Sept monetary policy review: Another 35-50 bps repo rate hike on cards
Terminal repo rate seen at 6%; interest cost for retail, MSMEs went up by Rs 42,000 crore says SBI report
 "RBI Sept monetary policy review: Another 35-50 bps repo rate hike on cards")
Fed expected to stick to aggressive rate hikes as inflation stays hot
A 75 bps increase at the Fed's Sept. 20-21 meeting would put the policy target in the 3%-to-3.25% range, above the level that most policymakers believe will start biting into economic growth
 "Fed expected to stick to aggressive rate hikes as inflation stays hot")
Pace of rate hikes by RBI should be calibrated from here on: Ashima Goyal
"We need to be very careful that growth is not snuffed out and we don't go into another decade of slowdown," Goyal told Reuters in an interview on Tuesday.
 "Pace of rate hikes by RBI should be calibrated from here on: Ashima Goyal")
Inflation not a 'red-letter priority' for FM: Chidambaram slams Sitharaman
Taking to Twitter, the veteran Congress leader said: "Only a few days ago, the Honourable FM said that inflation was not a "red-lettered priority" for her"
 "Inflation not a 'red-letter priority' for FM: Chidambaram slams Sitharaman")
A soft landing is a more likely scenario for the global economy: JPMorgan
"Economic data and investor positioning are more important factors for risky asset performance than central bank rhetoric," the strategists wrote. "We maintain a pro-risk stance"
 "A soft landing is a more likely scenario for the global economy: JPMorgan")
RBI's expected soft landing for India means fast, if not fastest, growth
Economists see Reserve Bank of India Governor Shaktikanta Das and his monetary policy panel colleagues to begin dialing down the pace of interest-rate hikes this month
 "RBI's expected soft landing for India means fast, if not fastest, growth")